Xi'an Shaangu Power Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10,731	10,235	10,955	10,535	11,348	9,077
Trading Asset Securities	624.46	764.03	1,113	889.54	602.46	1,748
Cash & Short-Term Investments	11,355	10,999	12,068	11,424	11,950	10,825
Cash Growth	-10.83%	-8.86%	5.64%	-4.40%	10.39%	11.24%
Accounts Receivable	4,555	4,984	5,664	5,605	6,458	6,756
Other Receivables	42.9	77.17	68.86	70.44	376.53	179.72
Receivables	4,598	5,061	5,733	5,675	6,835	6,950
Inventory	1,609	1,863	1,554	2,251	2,424	2,674
Other Current Assets	1,623	1,546	1,265	1,351	1,627	1,811
Total Current Assets	19,186	19,468	20,620	20,702	22,836	22,261
Property, Plant & Equipment	3,133	3,164	3,111	3,168	3,006	2,641
Long-Term Investments	339.37	340.89	350.27	366.34	392.13	536.37
Goodwill	27.74	29.65	47.48	58.33	49.99	47.96
Other Intangible Assets	130.78	132.97	142.35	156.12	167.53	173.32
Long-Term Accounts Receivable	-	415.86	421.18	442.95	415.07	763.11
Long-Term Deferred Tax Assets	451.19	454.91	433.7	413.02	407.72	364.28
Long-Term Deferred Charges	9.49	12.05	11.16	22.31	-	0.25
Other Long-Term Assets	498.74	104.97	127.14	151.7	237.13	492.92
Total Assets	23,776	24,123	25,264	25,480	27,512	27,281
Accounts Payable	5,649	6,243	6,479	6,850	7,489	7,885
Accrued Expenses	401.27	399.19	426.13	397.52	387.33	352.51
Short-Term Debt	1,498	1,847	2,461	1,852	2,514	2,334
Current Portion of Long-Term Debt	-	-	867.25	645.74	60.47	-
Current Portion of Leases	-	6.42	13.47	156.07	3.09	2.39
Current Income Taxes Payable	-	50.14	88.51	67.06	118.07	65.93
Current Unearned Revenue	3,418	3,462	3,181	3,967	4,722	6,007
Other Current Liabilities	1,092	1,042	1,164	743.37	1,005	1,255
Total Current Liabilities	12,057	13,049	14,680	14,678	16,299	17,901
Long-Term Debt	1,469	1,039	640.76	972.33	2,022	886.22
Long-Term Leases	31.62	27.16	39.5	27.43	21.54	17.66
Long-Term Unearned Revenue	31.28	31.58	49.91	93.72	110.06	127.64
Pension & Post-Retirement Benefits	-	4.75	5.42	5.82	7.86	9.29
Long-Term Deferred Tax Liabilities	44.4	45.96	53.31	39.24	40.5	44.82
Other Long-Term Liabilities	222.12	226.98	234.29	330.22	352.07	307.45
Total Liabilities	13,856	14,424	15,703	16,147	18,853	19,295
Common Stock	1,723	1,723	1,726	1,727	1,728	1,727
Additional Paid-In Capital	2,592	2,592	2,591	2,542	2,444	2,286
Retained Earnings	4,691	4,499	4,493	4,445	4,029	3,596
Treasury Stock	-58.18	-58.18	-115.21	-139.53	-230.61	-287.34
Comprehensive Income & Other	146.8	151.74	174.65	171.12	185.57	182.81
Total Common Equity	9,095	8,909	8,869	8,746	8,156	7,504
Minority Interest	825.19	790.41	692.8	587.31	503.65	482.19
Shareholders' Equity	9,921	9,699	9,561	9,333	8,659	7,986
Total Liabilities & Equity	23,776	24,123	25,264	25,480	27,512	27,281
Total Debt	2,998	2,919	4,022	3,654	4,620	3,240
Net Cash (Debt)	8,357	8,080	8,046	7,771	7,330	7,585
Net Cash Growth	1.64%	0.42%	3.55%	6.01%	-3.37%	2.63%
Net Cash Per Share	4.82	4.70	4.66	4.50	4.26	4.50
Filing Date Shares Outstanding	1,743	1,723	1,726	1,727	1,728	1,727
Total Common Shares Outstanding	1,743	1,723	1,726	1,727	1,728	1,727
Working Capital	7,128	6,419	5,941	6,023	6,537	4,360
Book Value Per Share	5.22	5.17	5.14	5.06	4.72	4.35
Tangible Book Value	8,937	8,746	8,679	8,531	7,938	7,283
Tangible Book Value Per Share	5.13	5.07	5.03	4.94	4.59	4.22
Land	-	10.37	9.2	9.65	8.67	8.36
Buildings	-	1,503	1,440	1,436	988.85	835.35
Machinery	-	4,458	4,141	4,145	3,453	3,021
Construction In Progress	-	470.27	456.7	228.83	946.53	903.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.